Apartment buyers look for at least two years of increasing net operating income (“NOI”) when purchasing an apartment building. Just like the U.S. economy, a certain amount of annual gross domestic product (“GDP”) growth is expected to keep up with consumer price index (“CPI”) to be competitive with other countries. When analyzing income / expense…
DetailsSecondary market rents are growing as rent growth is varying across markets as the divide between gateway and secondary metros continues to increase with the pandemic, according to the October report from Yardi Matrix. “With each passing month, outmigration from large gateway markets to secondary and tertiary tech hubs is amplifying. At this point, the apparent…
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DetailsSo, you have a tenant who owes you rent from last Spring. What can you do NOW to be ready to file your case after March 1st? What will happen when it’s time to go to court? Where to Start Make sure you have…. A copy of the tenant’s lease/rental agreement, addendums, and any other…
DetailsIs it a good idea to raise the rent every year, especially if you have a great tenant? So many landlords don’t raise the rent annually for a variety of reasons, so let’s explore the benefits and potential drawbacks. Don’t Want to Lose Your Tenant? One of the most common reasons a landlord doesn’t raise…
DetailsIn 2017, the San Francisco board of Supervisors adopted Ordinance 1103.7.6.1 which will require all multi-unit buildings in San Francisco that currently have a fire alarm system to have that system upgraded to include additional equipment. This article is intended to convey as much information and insight as possible. Ordinance 1103.7.6.1 hit like an earthquake…
DetailsPresident-elect Joe Biden promised throughout his campaign that, if elected, he would implement a variety of significant new tax increases, including nearly doubling the capital gains tax. He says the tax increases would only be for high earners, but the truth is his proposals would hit all of us by damaging investment, entrepreneurship and…
DetailsSo, you have a tenant who owes you rent, unpaid utility bills, or other similar expenses from the COVID Period – March 1, 2020 through September 30, 2021? Well, you are now able to file a small claims case. Where to Start Make sure you have…. Made a good faith effort to investigate and apply…
DetailsDisputes between landlords and tenants happen often, so it’s always important to be prepared in any situation. It’ll be the tenant’s words against the landlord’s, creating a difficult situation to navigate. A body worn camera records video and audio in a first person perspective. This will accurately capture the wearer’s experience, all the while being…
DetailsQ: I own an apartment building and I heard that some landlords use RUBS to bill their utilities to their tenants. What is RUBS and how does it work? A: RUBS stands for Ratio Utility Billing System which can be used to divide the utility expenses of a multifamily building that does not have separately…
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